The City of Los Angeles Housing & Community Investment Department Mortgage Credit Certificate program provides eligible, first-time homebuyers in the City of Los Angeles with a federal income tax credit based on a specified percentage of the annual interest paid on a mortgage. The tax credit is a dollar-for-dollar reduction to the homebuyer’s potential federal income tax liability that increases the household income available to qualify for a home mortgage and to make monthly mortgage payments.

Los Angeles (/l?s 'ænd??l?s/ ( listen);[17] Spanish for "The Angels"; Spanish pronunciation: [los 'a?xeles]), officially the City of Los Angeles and often known by its initials L.A., is the cultural, financial, and commercial center of Southern California. With a U.S. Census-estimated 2016 population of 3,976,322,[18] it is the second most populous city in the United States (after New York City) and the most populous city in the state of California. Located in a large coastal basin surrounded on three sides by mountains reaching up to and over 10,000 feet (3,000 m), Los Angeles covers an area of about 469 square miles (1,210 km2).[19] The city is also the seat of Los Angeles County, the most populated county in the country. Los Angeles is the center of the Los Angeles metropolitan area, with 13,131,431 residents,[20] and is part of the larger designated Los Angeles-Long Beach combined statistical area (CSA), the second most populous in the nation with a 2015 estimated population of 18.7 million.[21]

Sales Quarter Number Of Sales Current Median Price Previous Median Price Percent Change yearoveryear
4Q2017 13041 $740,000.00 $680,000.00 8.8%
3Q2017 3356 $750,000.00 $691,000.00 8.5%


Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025


Agency Target vs Non-Target Tax Credit Household size: 1-2 Household size: 3+ Purchase Price Limits First Time Application Fee Property Type

City of Los Angeles Housing & Community Investment Department MCC Program

Target
15%
$99,600
$116,200
$595,978
Yes
$150
SFR,Townhome & Condo
Non-Target 15%
$99,600
$116,200
$595,978
Yes
$150
SFR,Townhome & Condo

Los Angeles (/l?s 'ænd??l?s/ ( listen);[17] Spanish for "The Angels"; Spanish pronunciation: [los 'a?xeles]), officially the City of Los Angeles and often known by its initials L.A., is the cultural, financial, and commercial center of Southern California. With a U.S. Census-estimated 2016 population of 3,976,322,[18] it is the second most populous city in the United States (after New York City) and the most populous city in the state of California. Located in a large coastal basin surrounded on three sides by mountains reaching up to and over 10,000 feet (3,000 m), Los Angeles covers an area of about 469 square miles (1,210 km2).[19] The city is also the seat of Los Angeles County, the most populated county in the country. Los Angeles is the center of the Los Angeles metropolitan area, with 13,131,431 residents,[20] and is part of the larger designated Los Angeles-Long Beach combined statistical area (CSA), the second most populous in the nation with a 2015 estimated population of 18.7 million.[21]


Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025

Other products available in the City of Los Angeles



City of Los Angeles Housing & Community Investment Department MCC Program is available in the following areas/cities